Business Checking & Savings

Thank you for inquiring about the Business Deposit Products available at San Luis Valley Federal Bank.

We believe you will find our services to be of quality and very competitive.

THE COMMERCIAL AND PERSONAL DEPOSIT PRODUCTS TEAM

Amanda Gallagher
Commercial Services
West Alamosa

Julie Kenison
Main Alamosa

Pauline Martinez
Main Alamosa

Listed below is information on just some of the accounts and features the Business Deposit Program from San Luis Valley Federal Bank has to offer. If you would like more information, please do not hesitate to call.

Business Deposit Products:

The following accounts are designed for the “non-profit” entities such as volunteer groups, organizations, or associations, and governmental, religious, philanthropic charitable or educational entities. They are also available to the sole proprietor DBAs that are un-incorporated. There is a minimum $50.00 to open these accounts.

SLV 100 Benefits:

Non-Interest bearing

No minimum balance required with activity

Online Banking / eStatement capability

Business VISA® Debit Card available

Bill Payment services available

SLV VIP Benefits:

Interest bearing

No minimum balance required with activity

Online Banking / eStatement capability

Business VISA® Debit Card available

Bill Payment services available

SLV 500 Benefits:

$100 minimum to open

Minimum balance of $500

$10 monthly fee on balance falling below $500

Online Banking / eStatement capability

Business VISA® Debit Card available

Bill Payment services available

No interest earning account

Other Business Accounts Available

Sweep Account Benefits:

Only available to commercial checking account customers

Interest bearing with tiered rates

Unlimited transfers/sweeps from the business checking account

$5.00 fee monthly if balance falls below $500

Insured Money Market Benefits:

Minimum $1,000 to open

Allows 6 transfers per month

Tiered interest rates

Available Features

Online Banking:

Online Banking is available to all business customers. It will enable you to have access to account history, eStatements, Bill Payment services, and various reports. Multiple users can also be established with specific access parameters. Two types of online access are available as listed:

Basic OnlinePrimarily for account balancing with no charge for the service. Required enrollment for Business Online to be completed online then submitted for verification and approval.

E-ACH OnlineAccess to electronic programs for Customer Billing and Employee Direct Deposit Payroll. Used for account balancing as well. $5 monthly maintenance fee for E-ACH. Requires enrollment for Business Online to be completed online then submitted for verification and approval along with completed in-house E-ACH Business Disclosure.

Merchant Card Services:

Credit card processing services are offered by Bankers Bank of the West. A representative will help provide prompt and personal service. Let us know if you are interested in accepting credit/debit cards at your place of business and we will try and have a representative contact you within 48 hours.

Account Analysis:

Our business accounts charge for each checking service separately, so you pay only for the services you need. Account analysis examines account activity and, therefore, maintaining balances appropriate to the number of services used can offset monthly service charges.